Tariff evasion is tax evasion: The increasing risk of international trade compliance

The inauguration of the second Trump administration has ushered a new era of sweeping tariffs across sectors and entire countries, from steel to semiconductors, Canada to China. But as duties rise, so too does the cost/benefit analysis for businesses to engage in creative workarounds: misdeclaring goods, routing shipments through third countries, or playing fast and […]

Isle of Man to update financial crime regulations

The Isle of Man is preparing to update its financial crime laws, taking a significant step toward aligning with evolving global standards and enhancing its ability to counter illicit financial activity in the Crown Dependency.   During next week’s sitting of the Tynwald [Parliament], lawmakers will consider a proposal to expand the legal definition of […]

New failure to prevent bribery case should be a wake up call for adequate procedures

On 17 April 2025, the UK’s Serious Fraud Office (SFO) announced it had charged United Insurance Brokers Limited (UIBL), a Lloyd’s-regulated insurance company, with the corporate offence of failing to prevent bribery under Section 7 of the Bribery Act 2010. The prosecution relates to alleged corrupt payments made by UIBL’s US-based intermediaries to Ecuadorian state […]

Data breach at DPP Law: A wake-up call for the legal sector

In a striking reminder of the cyber risks facing legal professionals, Merseyside-based DPP Law Ltd has been fined £60,000 by the Information Commissioner’s Office (ICO) following a serious data breach. The breach resulted in highly sensitive client data being published on the dark web. DPP Law is appealing the fine, however the facts of the […]

SRA diversity survey 2025: Collect your law firm data with Omnitrack

The Solicitors Regulation Authority (SRA) has announced that its mandatory diversity survey will be due in early summer 2025. We are still awaiting exact dates and deadlines from the SRA, but you can start to get organised now.    VinciWorks is offering all law firms free use of our Omnitrack software to collect their diversity […]

Preparing for DAC8: What your firm needs to know

The advent of crypto-assets has brought new complexity and ambiguity to cross-border transactions. In an effort to close this information gap and combat tax evasion and avoidance, the European Union has adopted the Eighth Directive on Administrative Cooperation (DAC8), which significantly expands the EU’s tax transparency framework. While crypto-assets headline this development, DAC8’s implications stretch […]

Astute LXP April 2025 Update: Sharpening the Experience for Learners and Admins

The April update for Astute LXP (V3.3.2) brings a mix of visual polish, helpful tweaks, and targeted bug fixes—all aimed at making the platform easier and more enjoyable to use. Here’s what’s new this month: Enhancements Updated Course Default Image We’ve refreshed the default image used on course tiles to bring a cleaner, more professional […]

VinciWorks course retirements: What you need to know

As part of our ongoing commitment to keeping our course library relevant and up-to-date, some existing courses are due to be flagged as retired on the VinciWorks Portal and the VinciWorks Learning Management System (LMS) on 21 April. Here’s what you need to know about the retirement process and how it affects you. What does […]